Legal Opinion
Sanders v. Ohmite Holding, LLC
Court of Chancery of Delaware
Decided February 21, 2011No. C.A. 5145-VCLPublishedCited by 21 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
Plaintiff Max Sanders seeks books and records from Ohmite Holding, LLC (“Ohmite” or the “Company”), pursuant to Section 18-305 of the Delaware Limited Liability Company Act (the “LLC Act”), 6 Del. C. § 18-305. When the Company was formed, Sanders loaned $2 million to one of its members and received a security interest in the member’s units as collateral. In February 2007, the member transferred his remaining units to Sanders. In October 2008, Sanders discovered that his resulting interest was not the 7.75% stake that he believed and had been told that he owned,…
2Cases cited6 opinions
- Seinfeld v. Verizon Communications, Inc.Supreme Court of Delaware · 2006
- Security First Corp. v. U.S. Die Casting & Development Co.Supreme Court of Delaware · 1997
- Thomas & Betts Corp. v. Leviton Manufacturing Co.Supreme Court of Delaware · 1996
- Saito v. McKesson HBOC, Inc.Supreme Court of Delaware · 2002
- BBC Acquisition Corp. v. Durr-Fillauer Medical, Inc.Court of Chancery of Delaware · 1992
1 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Amalgamated Bank v. Yahoo! Inc.Court of Chancery of Delaware · 2016
- KT4 Partners LLC v. Palantir Technologies, Inc.Supreme Court of Delaware · 2019
- In re Mid-South Business Associates, LLCUnited States Bankruptcy Court, N.D. Mississippi · 2016
- Aloha Power Company, LLC v. Regenesis Power LLCCourt of Chancery of Delaware · 2017
- Andrew Durham v. Grapetree, LLCCourt of Chancery of Delaware · 2019
16 more not listed; retrieve them via the Exa API.